Lagarde highlighted data dependency for rate cut outlook. The market sees 148 bps in cuts ...Middle East

ECB President Christine Lagarde was under the weather at today's press briefing and led to some less-than-sharp messaging but -- between the lines -- she was clear on what had changed."We are at the medium-term target that we set for ourselves of reaching the 2% at the end of our projection," she said, highlighting that forecasts now see 1.9% in 2026. In addition, she said those forecasts are "probably a bit severe with ourselves" as she noted the projections were made with a cutoff of November 23, which was before a string of soft CPI readings. She said they "are going to look very carefully at the end of 2025" forecast for inflation, which is at 2.1% right now.There's a good chance that wi

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Lagarde highlighted data dependency for rate cut outlook. The market sees 148 bps in cuts ...Middle East

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